Euro Rises Most in a Week on Spain Bailout Speculation
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The euro advanced the most in a week versus the dollar after a media report said euro-region policy makers will unveil a financial bailout program for Spain as early as next week.
The shared currency climbed for the first time in four days against the yen after the Financial Times said Spanish and European Union officials were working on plans to trigger European Central Bank bond purchases to boost the Iberian nation’s economy. The Australian dollar led gains among higher-yielding currencies after a Federal Reserve policy maker said the U.S. central bank may hold interest rates close to zero until unemployment falls.